Washington Bancorp Rejects Director's Offer From: The Washington Post | Date: July 26, 1989| Author: Sharon Warren Walsh | Copyright 1989 The Washington Post. This material is published under license from the Washington Post.  All inquiries regarding rights should be directed to the Washington Post.Copyright information

Attorney Robert B. Washington Jr., who has feuded with Washington Bancorp for months, offered to pay $133 million in cash plus securities for the bank holding company, but was turned down yesterday by its board.

Washington's proposal to acquire the bank company, which has been looking for a buyer for more than a year, was filed late Monday with the Securities and Exchange Commission and was reviewed by a special committee of WBC directors before the entire board met yesterday to res...

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